CAAR is doing well

The Compagnie Algérienne d’Assurances et de Réassurance, (CAAR) is adopting a new management approach designed to strengthen procedures for risk prevention and management. The ongoing improvement of the computer system will be achieved by the end of 2012. In 2011, the company’s turnover progressed by 7.9% at 13.7 billion DZD (181 million USD), with a market share of 15.9% and a net result of 670 million DZD (8.8 million USD). CAAR maintains the same course in 2012 with growth expected to range between 8% and 10%.